TEMA India Bags Best Global SME 2015 Award

IMG-20151123-WA0017 editedWith an objective of bringing to the fore the success stories and potential of the leading Small and Medium Enterprises (SMEs) Dun & Bradstreet and The Karur Vysya Bank Ltd. joined hands to recognize and applaud the leading SMEs of India through SME Business Excellence Awards 2015 on November 23, 2015 in Delhi. TEMA India, one of the leading manufacturers of heat exchangers in the country, was recognized as the Best Global Business SME 2015.

SMEs are widely known as the backbone of industrial development. India is home for nearly 48 million SMEs which contribute more than 45% towards country’s industrial output, generating 40% of total exports and producing 1.3 million jobs every year. Though the Indian entrepreneurs have contributed immensely to the country’s economic and international evolution, yet the sector continues to struggle with the darkness of ignorance and lack of interest from masses.

Commenting on the development, Mr. Haresh Sippy, Managing Director, TEMA India, said “The small and medium scale enterprises play a crucial role in the socio-economic growth story of India. By facilitating employment and business avenues in rural and urban India, the sector provides equitable and inclusive growth across local economies. But in the changing times there is a heightened need to bring to light the success stories of the sector in an attempt to not only showcase the might of SMEs but also to attract, inspire and motivate entrepreneurs. I am deeply grateful towards Dun & Bradstreet for conceptualizing the SME Business Excellence Awards initiative which provides a platform for SMEs to show-case their performance and contributions to the growth of the nation”.

He further said, “This award highlights the high morale and the synergy that exists in team TEMA. I offer my deepest gratitude to all the employees of TEMA India  who helped us to achieve this award.”

The ceremony also marked the release of sixth edition of Dun & Bradstreet’s premier publication ‘Leading SMEs of India 2015’ a leading compendium on the Indian SME industry, by chief guest Shri Jayant Sinha, Minister of State for Finance, Ministry of Finance, Government of India.

 

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Bosch embraces ‘Make in India’ with ‘Design in India’

In tandem with the Centre’s campaign, Germany-based manufacturer Robert on Monday unveiled a series of products developed at Engineering and Business Solutions Limited (RBEI) in Bengaluru that look to address various day-to-day challenges using smart applications.

The company has focused on Internet of things and mobility, automotive technology, data analytics, road safety and energy while developing the new products.

Among the various solutions showcased include an IoT Gateway-Pollution Monitoring Sensing System that can measure the pollution level in an area. It has been developed to function on a smart-city based urban model.

As more and more users prefer their vehicles to be connected to their devices, a platform called mySpin developed by Bosch allows users to connect smart phones to infotainment head units in their cars and allow the use of smartphones handsfree. Among the 12 solutions showcased, all have of them have been tested on a pilot basis at Bosch centres in India.

According to Vijay Ratnaparkhe, President and Managing Director, Robert Bosch Engineering and Business Solutions, the company is emphasising on ‘design in India to make in India’.

The German company filed around 4,000 patents filed globally in 2014 whereas, Bosch India had filed 70. In 2013, this was around 180.

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New life for Noida’s embroidery industry

NOIDA: There is hope for India’s traditional handicrafts. A team of researchers from National Centre for Design and Product Development (NCDPD), Delhi, in collaboration with Bhabha Atomic Research Centre (BARC), Mumbai, and Noida-based MGM College of Engineering and Technology, have designed a steel frame to replace the wooden frame traditionally used by the state’s beleaguered embroidery artisans. The frame is designed for flexibility, as its height, length and width can be adjusted easily by the artisans. It could yet revive the cottage industry, which is a means of livelihood for thousands of people across Uttar Pradesh.

Set up by the Ministry of Textiles Government of India, NCDPD aims to fulfill gaps in the handicraft sector in design, product development and technology, by undertaking research for product excellence, design training and product development activities cluster-wise on a pan-India basis.

VK Suri, the head of precision engineering at BARC, said, “We found that a number of people involved in the state’s embroidery industry, use wooden frames which, because their size can’t be adjusted, are uncomfortable for the artisans and lead to long-term physical deterioration.”

His team of researchers visited Bareilly, the hub of embroidery artisans, and interacted with them. “We found artisans had to sit on the floor in the same position for work for hours, and complained of back pain. The new steel frame gives more flexibility to the artisans, as it can be adjusted as per their needs,” Suri said. The project took six months to complete. Researchers also developed a chair to use along with the frame during work.

Researchers said they hoped to extend the benefits of technology to rural India, while promoting prime minister Narendra Modi’s Make in India idea. BARC officials provided training to faculty members of MGM college, who designed the model. The product was later sent to NCDPD for approval.

The stainless steel metallic frame is 5x4x2.5 ft. It weighs 19 kg and it can be easily dismantled and transported, and costs Rs 4,500 as of now. Officials said if made in large numbers, the cost would fall.

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Beijing Eyes Stronger Infra Ties with State

CHENNAI: Observing that there was enormous potential for co-operation between Tamil Nadu and China, Chief Minister O Panneerselvam on Monday said some of the promising areas for co-operation included electronic hardware, semiconductor, textiles, heavy engineering, automobiles, IT and infrastructure.

The Chief Minister made this observation when Le Yucheng, Chinese Ambassador to India called on him at the Secretariat. Paneerselvam said Chinese vendors had contributed to the successful implementation of some of the flagship government programmes in Tamil Nadu. This includes the supply of laptops to students and fans, mixies and grinders to families. There is a Chinese company engaged in the construction of the Chennai Metro Rail project.

The Chief Minister said infrastructure was an area where substantial co-operation with China was possible.  He expressed the hope that Tamil Nadu would be able to access financing from the new Asian Infrastructure Investment Bank.

Yucheng said his country was keen on strengthening relations between State-level leaders of India and provincial leaders of China.  A programme to establish direct dialogues need to be put in place, he said. He invited the Chief Minister to visit China.  He also informed that China proposed to establish a Consulate General in Chennai, soon.

China is also collaborating in developing a high-speed rail link between Delhi and Chennai and also in increasing the speed of the Chennai-Mysore rail line. He expressed confidence that there would be substantial Chinese participation in the Global Investors Meet to be held in Chennai and highlighted the possibilities of investment in the renewable energy sector, particularly solar energy in which China has some world class companies.

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Make in India (But Beware The Engineers)

After the buzz over India’s mission to Mars and the Prime Minister’s high-decibel Make-in-India, both meant to be showcases of the nation’s engineering talent, here is the latest, grim reminder of the quality of freshly minted engineers:

• While 97% want jobs either in software or core engineering, only 3% are good enough to be engineers in software/product roles, and only 7% can handle core engineering tasks.
• Only 11% find jobs in knowledge-intensive sectors because their English skills are poor (74%), as are their analytical or quantitative skills (58%).
• A student from a tier-3 college will get Rs 66,000 per annum less than a student of equal merit from a tier-1 college.

These are some of the key findings of a study by Aspiring Minds, a New Delhi-based employability solutions company, on skills, gender, locations and institutions. The report is based on a sample of more than 120,000 engineering students who graduated in 2013 from more than 520 engineering colleges across India.

 India has 6,214 engineering and technology institutions with 2.9 million students enrolled, according to the Ministry of Human Resource Development.

Experts believe an economy with a large percentage of unemployable but qualified candidates is not only inefficient but a recipe for social instability. And the great mismatch in aspirations of graduating engineers and their job readiness is fertile ground for large-scale dissatisfaction and disillusionment.

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Posco said to shut engineering unit in India on lack of orders

Posco, South Korea’s biggest steelmaker, is planning to shut its engineering and construction unit in India after it failed to win orders, according to one person, who declined to be identified as the matter is private, and letters sent to three employees.

The unit based in Gurgaon, near New Delhi, which designs steel plants, asked 35 employees, about half its workforce, to resign by Thursday, 26 February. The company is also considering cutting 13 jobs at the site of its planned $12 billion steel complex in eastern Odisha state, two officials at the site said separately. The project, hailed at the time of its announcement as India’s biggest foreign investment, has been awaiting approvals for a decade.

Posco’s engineering unit was banking on orders from the parent’s steel project as well as from other customers, the person said. India’s backlog of projects awaiting approvals reached $200 billion as of 9 January, even as Prime Minister Narendra Modi encourages manufacturing and promises to make India an easier place to do business.

“Make in India was the campaign of the new government and in that Posco is the largest foreign project,” said Prakash Duvvuri, head of research at steel and energy consultant OreTeam Exim Pvt. “Posco can’t keep spending in India without any clarity on how soon their project can take off. The government should fast-track the project as its successful implementation will boost India’s image.”

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Demand for engineering plastics to grow in double digits: Industry

The use of to replace metal components in cars in India is slated to rise in double digits in the coming three to four years, riding mainly on the initiatives taken by original equipment manufacturers to reduce weight of the vehicles. Industry insiders say that engineering plastics industry roughly grows at two times the in the country.

According to Sanjay Jain, business director, India of Dutch diversified firm Royal DSM, the average use of engineering plastic (excluding ABS, POM, PC, PP reinforced) components in cars in India is around 5-6 kg at the moment, compared to that of 18-20 kg per car in developed nations.

“There is hence, huge scope for growth in India in the engineering plastics space, especially in the automotive arena,” he said. Jain feels that the two demand drivers for engineering plastics in the Indian auto industry would be one through growth in production of automobiles and second through increase in penetration (replacing metal components with plastic ones). “Based on these two factors we expect the growth to be in double digits in the coming year. Based on past experience, the engineering plastics industry roughly grows at two times the auto production in the country,” he added.

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